- News
19 March 2014
Rubicon announces proposed public offering of common stock
Rubicon Technology Inc of Bensenville, IL, USA (which makes monocrystalline sapphire substrates and products for the LED, semiconductor and optical industries) has announced an underwritten public offering of shares of its common stock by selling stockholders. In addition, Rubicon expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares offered, to cover over-allotments (if any).
Canaccord Genuity Inc is acting as sole book-running manager for the offering. Rubicon will not receive any proceeds from the sale of common stock by selling stockholders.
The offering is being made pursuant to an effective shelf registration statement previously filed with the US Securities and Exchange Commission (SEC). A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC. Any offer will be made only by means of a prospectus supplement and accompanying prospectus forming a part of the effective registration statement.
When available, copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained by sending a request to the offices of Canaccord Genuity Inc, attention: Syndicate Department, 99 High Street, 12th Floor, Boston, MA 02110, USA, or by calling +1 (617) 371-3900. The preliminary prospectus supplement and accompanying prospectus also will be available for free on the SEC’s website.
Rubicon selling $28.2m of common stock to fund new-product R&D and capacity expansion